Indications emerged Wednesday that President Muhammadu Buhari may order for extension of the validity of old naira notes by 60 days.
“The president will not disobey court. According to TheCable, the official said that consideration for the extension of the naira swap deadline was the focus of a meeting between Buhari and the leadership of the Nigeria Governors Forum (NGF) as well as the Progressives Governors Forum until the early hours of Wednesday. Though the agenda of the meeting was not made public, presidential sources hinted that it was not unconnected to the naira redesign policy of the federal government and the need to extend the deadline for the naira swap.
From Juliana Taiwo-Obalonye, Abuja. President Muhammadu Buhari, in a bid not to disobey the Supreme Court but at the same time find solution to the ...
“The president will not disobey court. “We wish to state that it is not true that the Federal Government or the Central Bank of Nigeria, CBN have taken a preemptive action on the legality of currency as a legal tender in view of the pendency of the case before the Supreme Court. Recall the Senior Special Assistant on Media and Productivity, Shehu Garba, in a statement Tuesday night had said President Buhari and the CBN were yet to make a decision on the legality of currency as a legal tender in view of the pending case before the Supreme Court.
President Muhammadu Buhari is mulling the extension of the old naira notes validity till April 10, The Cable reports. Protests have rocked many parts of |
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This is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that the old N1,000, N500 and N200 notes remain valid until it delivers ...
“The president will not disobey court. “One, that the old naira notes of N1,000, N500 and N200 be allowed free movement in and out of the banks for the next 60 days. This is to avoid disobeying the order of the Supreme Court of Nigeria which ruled that the old N1,000, N500 and N200 notes remain valid until it delivers judgment in the case filed by some states against the federal government.
The report said Buhari would make the decision to avoid disobeying the order of the Supreme Court. | Pulse Nigeria.
But he is also concerned about the suffering of Nigerians and wants the to find lasting solution to it. The platform quoted the official as saying that the President had met with the leadership of Nigeria Governors Forum (NGF) as well as the Progressives Governors Forum until the early hours of Wednesday, February 15, 2023, to fashion out a way forward, and this include the governors withdrawing the case at the Supreme Court. According to an online platform, The Cable, the President was ready to make the concession on the agreement that some state governments will withdraw the lawsuit against the Federal Government at the Supreme Court.